Speedway

Highlights:

• 20 Year Absolute NNN Lease with 5 Years Remaining – Stable Cash Flow Asset – Zero Landlord Responsibilities – One (5-Year) Option to Renew
• Rare Uncapped Rental Increase Based on the Current CPI% During The Option Period, Providing a Strong Hedge Against Inflation – Recently Exercised Option Shows the Tenants Commitment to the Location
• Corporately Guaranteed Lease by Speedway (7-Eleven, Inc.) – Speedway is a Best-in-Class Gas Station & C-Store Tenant Founded in 1952 That Operates Over 3,900 Locations in 36 States – Largest Brand Within Its Category for Company-Owned Chains Based on Revenue
• 32-Year Successful Operating History at the Site – The Property Has Been a C-Store & Gas Station Since Opening in 1993 – 1,404 Square Feet Building Situated on a 0.73-Acre Parcel Containing 20+ Parking Spaces, 8 Gas Pumps & 2 Diesel Pumps
• High Traffic Location with Excellent Visibility – More Than 13,000 Vehicles Per Day on E. Ash Street (US-70 BUS), Over 1,300 Vehicles Per Day on N. Daisy Street & an Additional 7,034 on Nearby N. Center Street
• Densely Populated Location with Strong Demographics – Over 48,000 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $78,000 Annually
• Over 12.8 Million Square Feet of Industrial & Office Space and 4.7 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 2,600 Businesses & 28,000 Employees
• Strategically Positioned 1-Mile from Goldsboro High School & Wayne School of Engineering with More Than 900 Students Currently Enrolled
• Approximately 2-Miles from the 314-Bed Cherry Hospital with Over $110.5 Million in Total Patient Revenue in 2024 and a Staff of More Than 1,300 Healthcare Professionals
• More Than 1,400 Apartment Units Situated within a 5-Mile Radius of the Property

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